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<br />. <br /> <br />h Unit Assessment. A unit assessment shall be derived <br />by dividing the total proj ect cost by the number of <br />Residential Equivalent Density (RED) units in the project <br />area. A RED unit is defined as a single family <br />residential unit. All platted and unplatted property will <br />assigned RED unit values equivalent to the underlying <br />zoning. When the existing land use is less than the <br />highest and best permitted use. the Council may consider <br />the current use as well as the full potential of land use <br />in determining the appropriate number of RED units. <br />Otherwise. the following RED chart will apply on a per <br />unit basis, subject to adjustment by the Council for any <br />inequities: <br /> <br />Single Family <br />Duplex <br />Condominium <br />Multifamily (3 units or more) <br />Townhouse <br />Commercial <br />Industrial <br /> <br />1.00 RED <br />1.00 RED <br />0.80 RED <br />0.80 RED <br />0.80 RED <br />2.00 Units <br />2.00 Units <br /> <br />The unit approach has proven to be the best method in <br />those instances whereby the improvement largely benefits <br />everyone to the same degree and the cost of the <br />improvement is not generally affected by parcel size. <br /> <br />. <br /> <br />h <br /> <br />Area Assessment. The assessable area shall be <br />expressed in terms of the number of acres or <br />the number of square feet subj ect to <br />assessment. When determining the assessable <br />area, the following considerations will be <br />given: <br /> <br />L ponding Assessment Consideration. Lakes. ponds <br />and swamps may be considered a part of the assessable <br />area of a parcel. <br />~ Road Right-of-way Assessment Consideration. Up to <br />20 percent (20%) of the gross acreage may be deducted for <br />street right-of-way purposes within unplatted parcels of <br />five acres or more depending upon the parcel <br />configuration and is only applicable to single family <br />residential use. Parcels of less than five acres may not <br />qualify and may be assessed full acreage. The reason for <br />this size restriction is that. in most instances, parcels <br />of less than five acres cannot support an internal public <br />road system. <br /> <br />. <br /> <br />~park Dedication Assessment Consideration. when <br />park land is dedicated as part of a residential <br />development, as required by Subdivisions Code - Chapter <br />1204.02. the developer shall not be assessed an acreage <br />charge on the portion of land dedicated. <br />